*combined with Cliff ObrechtThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. Atlassian co-founder Mike Cannon-Brookes is worth $26.20 billion. Finsbury Green is a print, managed services and logistics company based in Adelaide. Sector: Building and construction | Revenue: $83 million | Last Years Ranking: 52. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: Unranked. InDailys ranking of the states top 100 companies by market capitalisation and revenue covers the 2020-21 financial year. Sector: Agriculture | Revenue: Undisclosed | Last Years Ranking: 33. Bionomics is a biopharmaceutical company involved in the development of treatments for central nervous system disorders such as anxiety, depression and Alzheimers disease. The differences between Andrew Forrest and Gina Rinehart on energy shine a light on the dilemma facing a nation blessed with oil, gas, and the sun and winds needed for renewables. Harry Triguboff (AUD$20.81 Billion) Property giant Harry Triguboff is no stranger to rich lists. Sector: Professional services | Revenue: $185m | Last Years Ranking: 46. Beston Global Food Company Limited exports a range of food products, focusing on dairy and meat. Fellow mining magnate Andrew Forrest came in second with a combined wealth of $31.77 billion. Billionaire property developer and Richest 250 lister Lang Walker cant handle people using COVID as an excuse.. For the top 10 richest Australians for 2022, scroll below. Sophie Ireland Stats Gate April 24, 2021. SeaLink is a tourism and transport company, operating across Australia, with more than 9000 staff and six million customers annually. 51 on the list this year. Meet Laurence Escalante, the the fast car-obsessed thirtysomething now worth more than $2b is proof that videogaming does pay | THE LIST: Australias Richest 250. Sector: Financial | Revenue: $187m | Last Years Ranking: 2. Sector: Healthcare | Revenue: $13.3m | Last Years Ranking: 85. Pratt this year will open his biggest ever factory, a new paper mill in Kentucky that he says will be 50 per cent bigger than any other he has built. Australian retail phenomenon Culture Kings is about to launch its biggest play, with its 30-something founders taking on the US market. Headed by Richest 250 member Fung Lam, New Aim is an Australian e-commerce success story, which is seeking external capital for the first time to bolster growth. The wealthy can be highly secretive. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Skilled Migrants. The company, now valued at an eye-popping $3.5 billion, develops non-fungible token video games and operates ImmutableX, which builds NFT marketplaces for companies including TikTok, GameStop, Illuvium and EmberSword. Sector: Food and beverage | Revenue: Undisclosed | Last Years Ranking: 73. Ahrens Group is a construction, engineering and mining services company, delivering a range of project services from design, steel fabrication and procurement through to construction and project delivery. The popular veteran stockpicker will take a carrot and stick approach to the LICs he has targeted that are trading below their asset value. Included in The List are 131 billionaires, 29 newcomers, and 30 women. Post jobs and search for local talent on 7NEWS Jobs >>. Micro-X produces, designs, develops and manufactures a range of ultra-lightweight, mobile x-ray imaging systems for medical and security applications. The stock has slumped and their overall wealth tumbles to $430 million. Importantly, the report reveals that wealth in Australia has surged, with a record 29 new names making the list this year, the youngest of which being Afterpay guru Nick Molnar, who at just 32-years . Peter Cochrane Management (Cochranes Transport), 62. Zareh Nalbandian was paid more than $700 million when he sold his Animal Logic animation studio to Netflix last November, an analysis of the streamers accounts reveals. Ruslan Kogan stays a former Rich Lister for a second year as supply chain problems and a cooling of the online shopping boom keep his kogan.com share price in the doldrums. The software groups shares have since eased but remain about 40 per cent higher than a year ago, lifting Whites wealth by $1.6 billion to $6.33 billion. Its a similar story for another tech team. Hickinbotham is a major residential developer, building homes in and around Adelaide. Perth industrial landholder Michael Hodgson and Bob Ell, another major industrial property player, both enjoy big jumps in their values Hodgson is now worth $3.08 billion, up from $2.34 billion and Ell, worth $2.42 billion, is up from $1.98 billion. Pratt owns Pratt Industries in the US and shares ownership of Visy in Australia with sisters Fiona Geminder and Heloise Pratt. Debutantes on The List are tech gurus, healthcare experts and some veterans of business whove made big money during the pandemic. The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday. China (including Macau and . In #8 and #9 husband-and-wife Canva co-founders slide into the top 10 with a company valued at more than $55 billion. A high-stakes trial involving two billionaires and royalties from Rio Tinto iron ore mines is set to go ahead. The leather good and fashion retailer posted strong double-digit sales growth over the year, but is bracing for a slowdown in 2023. Sector: Agriculture | Revenue: $100m | Last Years Ranking: 49. English soccer a new and increasingly lucrative arm of Australian bankings millionaires factory. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australias most wealthy people, up from $470.07 billion in 2021. Your contribution goes directly to helping our journalists uncover the facts, InDaily uses cookies. Guidera OConnor provides design and construction services to the Australian water industry. The Melbourne apartments developer says the top end of the market is holding up, but policies need to change or construction jobs will be lost. SAGE Group Holdings provides electrical engineering and automation services in Australia. Samuel Smith & Son is a family-owned wine merchant established in 1923, servicing the Australian liquor industry with a portfolio of national and international wines, spirits and premium ales. The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.. Last year, Larry Diamond was sitting on a $598 million treasure trove, riding high on a global expansion of his Zip Co. Now he is in the crosshairs of the markets evisceration of the buy now, pay later sector. In 2019, the entry mark for the 50th richest individual was US$ 750 million. Sector: Healthcare | Revenue: $400m | Last Years Ranking: 18. With a combined net worth of $520 billion, it has been record-breaking for 250 of Australia's most wealthy people, up from $470.07 billion in 2021. 6. Frank Lowy - $9.27 billion. The list is published annually in January in an online format and updated daily, also online. Almondco Australia supplies premium quality almond products to the world. Farquhar sits in fourth spot with $26.41 billion, up from $20 billion. Outside Ideas is a large-scale landscaping works, civil construction, structural concreting, and maintenance provider. Gold Trip wins, followed by Emissary and High Emocean; Not a good day for Macquaries quants or Chanticleer; polar blast and hail didnt deter the punters (and the politicians). Rich lister Shaun Bonett is best known for his property holdings, but another venture thats cashing in on the online shopping boom may well be his gift that keeps on giving. Sector: Information technology and equipment | Revenue: Undisclosed | Last Years Ranking: Unranked. The Shahin family are South Australia 's wealthiest representatives on the inaugural edition of the The List Australia 's Richest 250, published in the Weekend Australian on Saturday. Forrest has been outspoken for the best part of two years now about his Fortescue Future Industries, the subsidiary of Fortescue Metals Group that he wants to turn into one of the worlds biggest energy producers. Parafield Airport is South Australias premier general aviation airport and is a major world-standard international training airport. Mossop is a construction and interiors company working on commercial, education, health, hospitality and residential projects. Sector: Printing | Revenue: Undisclosed | Last Years Ranking: 82. The value of the tokens has plunged, and Warwicks wealth slides to about $470 million. Travel is back and so is the Flight Centre share price which, combined with the Spicers Retreats business owned with wife Judy, lifts the couples wealth to $629 million as they sneak into 200th place after a two-year hiatus. A company founded and majority-owned by South Australians. The overall wealth of the 10 richest people represents 40 per cent of the record $554.9 billion held by this years Rich Listers. The best local news every workday at lunch time. Business leaders warn the construction sector could go backwards and the economy wont simply bounce back. Duxton Water Limited is a South Australian investment firm with water entitlements in the Southern Murray Darling Basin. Sector: Building and construction | Revenue: $74.5m | Last Years Ranking: 68. The returnees include Flight Centre founder Graham Turner. Sector: Financials | Revenue: Undisclosed| Last Years Ranking: 32. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Get InDaily in your inbox. Small-cap stock guru David Paradice sold out of headline maker GameStop late last year, potentially missing out on a billion-dollar position, but he says hes still sleeping well at night. But there are others also making big money in fashion. The collective wealth was $479.6 billion in 2021. Formed in 1961, Beach Energy is an oil and gas exploration and production company headquartered in Adelaide. At a time when fighting climate change is more urgent than ever our region is at just 25 per cent readiness for energy transition, one of the lowest globally and second only to Latin America at 22 per cent. Sector: Biotechnology | Revenue: Not meaningful | Last Years Ranking: 63. Sector: Building and construction | Revenue: $1.5b | Last Years Ranking: 7. Please take a moment to upgrade to the latest version. Weeks Group is a residential builder in South Australia and Victoria. There are13 debutantes on the 2022 Rich List, helping drive the total wealth of Australia's top 200 past half a trillion dollars to $555 billion, up from $480 billion in 2021, making the past year a record period for wealth creation. Rineharts Hancock Prospecting delivered another huge profit for 2022, a $5.8 billion net result, though it was less than the record the iron ore miner produced in 2021. Sector: Thoroughbred racing | Revenue: $83.5m | Last Years Ranking: unranked. *combined with Melanie PerkinsThe darlings of the technology sector have fallen back to earth somewhat in the past year, with the value of their digital graphics business Canva slashed by investors by about one-third. Meriton has vast reach across property, including the nations highest number of hotel rooms via its serviced apartment business, more than 14,000 investment apartments and close to 12,000 units in development. Daily. Sector: Information technology and equipment | Revenue: $158m | Last Years Ranking: 15. While the last year brought money woes for many Australians, wealth surged for others, as the list welcomed a record 29 new names to the list. If it sounds too good and big to be true, unstoppable property developer Lang Walker knows its the project for him as he loves nothing more than proving the doubters wrong. Major investor and chairman Charles Gibbon becomes a billionaire for the first time while fellow investor and WiseTech director Michael Gregg debuts with an estimated wealth of $648 million. There is, of course, a more traditional way to make plenty of money: property. Endeavour boosts sales in third quarter update. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: 72. Visy paid $733m for Australias biggest beer bottle maker and will spend $500m more to make lighter, cheaper bottles. Lucas TCS is a privately-owned civil engineering and construction company, founded over 50 years ago which has worked with some of Australias leading mining and resource organisations. The worlds biggest solar farm backed by Mike Cannon-Brookes and Andrew Forrest wins major project status from the Morrison government. Sector: Agriculture | Revenue: Not meaningful | Last Years Ranking: 69. A fully customer-owned bank, bringing together a number financial organisations that provide banking services, community investments, grants and sponsorships. Sector: Agriculture | Revenue: $39.7m | Last Years Ranking: 39. The Richest People In South Australia, AU Below are the richest people in South Australia, AU. Mike Cannon-Brookes (No.3); Robyn Denholm (120); Peter Freedman (192); Gina Rinehart (1); Sam Arnaout (63); Cliff Obrecht and Melanie Perkins (8). Institutional investors may see Blackstones Crown offer as close to the mark, but James Packer will be eyeing potential rival bids. Thomson Geer is a large corporate law firm with 560 staff in offices in Sydney, Melbourne, Brisbane, Perth and Adelaide. The Australian's 2022 edition of The List - Australia's Richest 250, to be released on . LH Perry & Sons is a family-owned fuel distribution company, founded in 1949. She doesnt. Core Lithium Ltd a lithium-focused exploration and mining company. Knoll Consultants & Investments are a specialist food store business, primarily owning and operating Barossa Fine Foods and its brands, including The Cheesemonger, Angelakis Bros, Standom Smallgoods and Schulz Butchers. Poker machine king Len Ainsworth once had a hole blown in his factory roof by a bomb. Now worth a combined $717m, this duo moved north to start a charitable program after founding one of Australias most successful technology companies. Sector: Mining | Revenue: Not meaningful | Last Years Ranking: 78. Sparc Technologies Ltd develops innovative graphene-based technology solutions. You can. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. The company has maintained the rage over the Labor governments industrial relations changes while handing down a huge return for billionaire Gina Rinehart. Sector: Energy | Revenue: Not meaningful | Last Years Ranking: 21. Sector: Building and construction | Revenue: $84m | Last Years Ranking: 58. Has Aussie billionaire created the next tech unicorn? Hes spent $46m on yachts and $32m on private jets, as financial records show Clive Palmer reaped about $1bn in the past year. Hes building a real-life tower of power - and just like the sweaty YouTube dancer who inspires him, tech billionaire Scott Farquhar just needs enthusiastic followers to join his movement. The nations miners, including Chris Ellison, enter the new year building on their huge fortunes, while its top tech entrepreneurs are nursing eye-watering losses. A select group of Australian billionaires had a very good pandemic indeed. Full list of names. Love them, hate them, or envy them, Australias richest people have been announced for 2022 by The Australians The List. The spectacular success of Gina Rineharts Roy Hill mine has been almost 30 years in the making, with some nailbiting moments along the way | THE LIST: Australias Richest 250. If anyone can defy the doom and gloom forecasts for the property sector, it is Triguboff. Sector: Food and Beverage | Revenue: $274m | Last Years Ranking: 48. The net worth of the wealthiest individual, Gina Rinehart, was $31.06 billion; while the net worth of the 200th wealthiest individual, Douglas Clarke, was {590 million; up from $540 million for the 200th individual in 2020. This years edition of The List - Australias Richest 250 will show how mining and technology are now the countrys two most successful sectors. Silk began with one clinic in South Australia offering a range of cosmetic services, and now has locations across the country. While companies dont have to nominate to be included in the list, which is based on market capitalisation, local businesses are encouraged to put their names forward. In Australia, Pratt is already working on spending $2 billion on new clean energy plants and other initiatives such as increasing the recycled content of glass bottles. Canva founders Melanie Perkins, Cliff Obrecht and Cameron Adams collectively lost billions as a 17 per cent slide in the Nasdaq punished valuations, even for tech companies that are privately held. This year is crucial for the iron ore magnate, whom the market is watching to see if he can start delivering on his green energy dream. Richest Australians 2022. It covers a total area of 402,903 and has a population of 1,706,500. . Sector: Information technology and equipment | Revenue: $479m | Last Years Ranking: 37. That should stand them in good stead, and their valuation is only falling in line with other tech firms. Hotel baron Chris Morris says restrictions mean it isnt worthwhile to open some of the Victorias most famous pubs. Mining magnates and property barons are still doing well on The List, but technology titans like Mike Cannon-Brookes and Melanie Perkins are the big losers this year. The rise in iron ore, property and solid gains in manufacturing - and the fact that tech was still well up. Sector: Energy | Revenue: $131.6m| Last Years Ranking: 17. Cooper Energy is an energy company that discovers, develops and commercialises oil and gas in Australia. That accounts for much of the drop in his estimated wealth, though both he and cofounder Scott Farquhar should reap more than $1 billion each from a steady selldown of a small portion of their Atlassian shares over the year. Sector: Agriculture | Revenue: $17.8m | Last Years Ranking: 81. Theyre among the biggest names in business, and under the age of 40. If you are applying for South Australian state nomination for a 190 or 491 visa, you will need to see if your occupation is available on South Australia's Skilled Occupation List. Markets plunged in March last year, but it has been smooth sailing ever since for some of the biggest names in Australian business. The combined wealth of the country's 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list. Sector: Automotive | Revenue: Undisclosed | Last Years Ranking: 16. Cannon-Brookes has made plenty of headlines for his renewable energy pursuits, all while the share price of his software firm Atlassian has fallen markedly in the past year. But what really excites the Decjuba founder is her ambition to change millions of lives. With a head office in Adelaide, the company recently added Hahndorf Resort and McCracken Country Club to their SA portfolio. At #6 Harry Triguboff, nicknamed high rise Harry has a wealth of $20.81 billion. Sector: Infrastructure and transportation | Revenue: $115m | Last Years Ranking: 11. Woods Bagot is a global architecture, design and consultancy firm, based in Adelaide. Sector: Energy | Revenue: Undisclosed | Last Years Ranking: Unranked. Queensland retail couple Tah-nee and Simon Beard fail to make the list after taking equity in US-listed AKA Brands as part of the second tranche of their sale of Culture Kings. Gina Rinehart tops Australia's richest while Clive Palmer doubles his wealth, Canva creator Melanie Perkins cracks the top 10 and all 250 on the list grow their fortunes by $50BILLION in just a year ASX to slip; Vanessa Hudson to lead Qantas, Top philanthropists say Yes with $17m to support Voice campaign, The high-stakes gamble at the heart of the Voice, How to barbecue pork chops like this smoking-hot new restaurant, The CEO of this $1b company sold everything from make-up to chicken, Why investors want more control over companies climate plans, How does this CEO do it all? Perkins and Obrecht still have big paper fortunes, and say Canva is profitable and hiring more staff around the world. The countdown finishes today with the full list, including the top 20 which features some newcomers. Williams deal captured plenty of attention, but he has about $20bn of other assets across a diverse range of sectors. Forrest is FMGs biggest shareholder, having started the company in 2003 after being forced to stand down from a previous role as boss of Anaconda. Independent Pub Group Holdings (GM Hotels), 28. Kilbirnie Investments has a series of automotive dealerships and horticulture assets, predominantly in South Australia and Victoria. Sector: Infrastructure and transportation | Revenue: $1.1b | Last Years Ranking: 12. The Hungry Jacks founder is unfazed by US burger chain Wendys foray into Australia he saw exactly what happened the last time it tried to expand Down Under. Perkins and Obrecht, who met at university and married two years ago, formed Canva in 2012 and remain at its helm. They wind down in various ways, from the sporty to the leisurely or just collecting ritzy houses. Established in 1862, Coopers is the sole major brewer 100 per cent owned by Australians, claiming about 5% of the Australian beer market. Jonathan Hallinan, the developer behind Melbournes distinctive Shadow Play skyscraper, has died at 47 after a battle with cancer. The strong iron ore price as at April, when we ruled off the Rich List, also kept Andrew Forrest ensconced in second spot at $30.72 billion, a figure thats more than treble his wealth in 2019 when he sat in eighth spot with $7.99 billion. The Meriton managing director has featured prominently on the list of Australia's wealthiest people for years and in 2022, he's made it back. Billionaire Clive Palmer says he is paying bucket loads of tax after pocketing hundreds of millions of dollars in dividends from Mineralogy. Dream of becoming a billionaire? Badge is a privately-owned construction group delivering commercial projects across Australia from offices in Adelaide, Brisbane, Maroochydore and Perth. Take our quiz and find out what kind of billionaire youll be when you strike it rich. WiseTechs Richard White wants to beef up Australias STEM capacity. It has more than 3000 employees across about 150 OTR sites in the state. Most Rich Listers live in NSW (79), followed by Victoria (60) and Queensland (19). Sector: Other | Revenue: $44.9m | Last Years Ranking: 79. From mining magnates to technology leaders, healthcare pioneers and retail superstars, Australias richest women have made their mark this year. Yang Huiyan has a net worth of $19 billion. Hancock was started by Rineharts late father Lang Hancock in 1955, though its main asset then was an iron ore royalty stream. Gina Rinehart topped the Richest 250 list overall for 2022, with a massive $32.64 billion in wealth. The Financial Review Rich List 2022 has compiled Australia's top 10 richest people, and their influence spreads far and wide. Established in 1984 when Fred Shahin purchased a small BP service station in Woodville Park, Peregrine is now the largest private company in SA with revenues approaching $3 billion in 2020-21. Duxton Broadacre Farms offers investors a diversified portfolio of Australian farms. The duo met at the University of NSW, starting Atlassian and later floating it on the NASDAQ in 2015. That has included a major shareholding in AGL, where he managed last year to have four candidates he put forward for the board elected amid an effort to convince the energy giant to accelerate a transition to renewables. The list, compiled for InDaily by Adelaide financial services firm Taylor Collison, is the state's most definitive guide to our top companies (scroll to the bottom of the page for eligibility criteria).. Get InDaily in your inbox. That the Bras N Things and Sanity Music founder could get away with an offer for the budget retailer less than its previous closing price is a sign of his stellar reputation. Flight Centre boss Graham Turner is optimistic about the recovery of the wider publics travel habits even if he believes it will take some time to get back to pre-Covid levels. He pulled out of a $346 million bid for renewable firm Genex Power with US private equity firm Stonepeak in January. Sector: Building and construction | Revenue: $150.2m | Last Years Ranking: 87. The total valuation of Australias 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list. The property market is improving but wont return to previous heights until migration numbers improve, the billionaire says. The retail sector has thrown in many of the lists lucky individuals, with Mecca cosmetics owners Jo Horgan, #188, and Peter Wetenhall, #189, with a combined wealth of $674 million. Meet the little-known powerhouse behind Australias burgeoning e-commerce industry. Love them, hate them, or envy them, Australia's richest people have been announced for 2022 by The Australian 's The List. More recently, Cannon-Brookes and fellow billionaire Andrew Forrest were involved in a spat over the $30 billion Sun Cable project they both back that resulted in the large renewable development going into administration after a dispute about its future. SA miner Oz Minerals won the Revenue Growth category after increasing its income by more than $700 million in 2020-21 on the back of strong copper and gold prices and increased production at its new Carrapateena mine in the states far north. RBA expected to hit pause. Theres work to do for this 97-year-old who heads into the office each weekday. He has pledged to spend that money on American recycling and clean energy infrastructure to create more than 5000 manufacturing jobs in 10 years.
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